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Sep 11, 2012
09/12
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>> plus, mark zuckerberg getting set to take the stage tonight. what must he say to turn the tide for investors? >> and we'll be joined by shawn matthews on his charity event. trading for charity and much more. >>> we had some breaking news not long ago. mary thompson also has more for us on this deal reached between citigroup and morgan stanley about their joint venture. morgan stanley, morgan stanley will take control in full ownership by at least june of 2015 if not sooner. >> exactly, david. we were focusing on one of my questions was what kind of write-down citi would have to take. by cnbc's calculation right now, the write-down on their 49% stake in morgan stanley/smith barney will be $4 billion pre-tax. by cnbc's calculation, that's the size of the write-down they're expected to take. you might recall earlier this summer, they submitted a filing to the sec saying because the two sides were so far about on the valuation of the joint venture that it would likely have to take a write-down in the feature, and on a pre-tax basis it likely would
>> plus, mark zuckerberg getting set to take the stage tonight. what must he say to turn the tide for investors? >> and we'll be joined by shawn matthews on his charity event. trading for charity and much more. >>> we had some breaking news not long ago. mary thompson also has more for us on this deal reached between citigroup and morgan stanley about their joint venture. morgan stanley, morgan stanley will take control in full ownership by at least june of 2015 if not...
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May 25, 2012
05/12
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mark zuckerberg really opens the word and keeps it connected. that sounds great but i can guarantee you if they miss or guide down, investors are not going to be liking shares of facebook. this is a wait and see for me. >> let's talk about jpmorgan. >> this is a premier franchise. it's not a long-term capital demise here. the stocks should grind higher. retest the 200-day moving average and the gap down around 36.50, $37 from. there, we get into that window. absence of overhead resistance, that takes us down to $41. that's roughly up from here. jpmorgan is on sale and we are a buyer. >> rich, thank you so much. we'll continue to follow these stories. bill, over to you. >>> heading towards the close, we have about 30 minutes left with the dow coming off the lows down 94 points. david says there's a better than one in three chance that greece leads the euro zone. does that mean there's a better in one in three chance of a market meltdown here? we'll ask him about that. and sheila bair is going to give us her case for breaking up jpmorgan chase. do
mark zuckerberg really opens the word and keeps it connected. that sounds great but i can guarantee you if they miss or guide down, investors are not going to be liking shares of facebook. this is a wait and see for me. >> let's talk about jpmorgan. >> this is a premier franchise. it's not a long-term capital demise here. the stocks should grind higher. retest the 200-day moving average and the gap down around 36.50, $37 from. there, we get into that window. absence of overhead...
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May 29, 2012
05/12
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then, $4.6 billion of mark zuckerberg's wealth gone in seven days. my observation on what continues to be the worst ipos of the year. you're watching "closing bell," first in business on cnbc worldwide. worldwide. and corrects for whe. we imagined a vehicle that can increase emergency braking power when you need it most. and we imagined it looking like nothing else on the road today. then...we built it. the 2012 glk. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. for exceptional offers high schools in six states enrolled in the national math and science initiative... ...which helped students and teachers get better results in ap courses. together, they raised ap test scores 138%. just imagine our potential... ...if the other states joined them. let's raise our scores. let's invest in our teachers and inspire our students. let's solve this. >>> joining me is dan greenhouse. good to see you. keith, thank you for joining us. what are you seeing for tomorrow? >> we're still pretty much celebratin
then, $4.6 billion of mark zuckerberg's wealth gone in seven days. my observation on what continues to be the worst ipos of the year. you're watching "closing bell," first in business on cnbc worldwide. worldwide. and corrects for whe. we imagined a vehicle that can increase emergency braking power when you need it most. and we imagined it looking like nothing else on the road today. then...we built it. the 2012 glk. see your authorized mercedes-benz dealer for exceptional offers...
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May 30, 2012
05/12
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CNBC
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and is mark zuckerberg really fit and ready to lead a public company? three key topics coming up after the break. first, some of the etfs that are going the other way. these are inverse etfs. in other words, if you bet on them, you're up today as those green arrows all demonstrate. back in two, folks. >>> welcome back to "power lunch." let's run down three big stories in the tech world. jon fortt of cnbc fame and john herring the ceo of lookout mobile are players and both joining us from our all things d conference. gentlemen, welcome. first up, the mess at blackberry widens the company's warning of an operating loss. wall street bankers helping research in motion assess its financial condition. mr. herring, what do you think is the future right now of blackberry? >> well, i think what's most interesting to observe right now is the trend we're seeing especially with respect to rim that they're really focusing on rim as an asset, as a financial asset, rather than on the product itself. and i think that's going to have significant implications for the lon
and is mark zuckerberg really fit and ready to lead a public company? three key topics coming up after the break. first, some of the etfs that are going the other way. these are inverse etfs. in other words, if you bet on them, you're up today as those green arrows all demonstrate. back in two, folks. >>> welcome back to "power lunch." let's run down three big stories in the tech world. jon fortt of cnbc fame and john herring the ceo of lookout mobile are players and both...
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May 24, 2012
05/12
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KGO
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. >>> and mark zuckerberg, how's this for a time line? mega billionaire on friday, married on saturday, then sued by tuesday. inside the facebook fiasco. >>> plus, an idol life. tonight another big winner, but the post idol road is not always paved in gold. from cutting hair, to singing in karaoke bars. we track down some former american idols to find out where are they now. >>> good evening, i'm cynthia mcfadden. tonight we take you inside a boarding school that's a last resort for critically overweight teens whose lives may hang in the balance. in a country where nearly one in three kids is overweight or obese, they are not alone. and the road to health is a difficult one indeed. abc's juju chang was invited inside to meet three teens with the courage to make a change. >> let's go. >> jenna weighs 240 pounds, a morbidly obese teenage, she's already diabetic and even has trouble walking. >> i see it as fat. >> reporter: she says she was struggling and being taunted. >> being called a white whale, hippo pot mus and many other names. >> re
. >>> and mark zuckerberg, how's this for a time line? mega billionaire on friday, married on saturday, then sued by tuesday. inside the facebook fiasco. >>> plus, an idol life. tonight another big winner, but the post idol road is not always paved in gold. from cutting hair, to singing in karaoke bars. we track down some former american idols to find out where are they now. >>> good evening, i'm cynthia mcfadden. tonight we take you inside a boarding school that's a...
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May 29, 2012
05/12
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there's a photograph in this morning's new york post of mark zuckerberg with his bride. they are in rome on their honeymoon and where are they eating? >> he's at mcdonald's. you couple that with the fact -- i know this is too easy. you couple that with the fact that as they are dining and honeymooning in rome, the value of the shares have gone down 25% in the last week. the line comes about -- i don't know if that's fair or not. >> i don't think he's watching his pennies. >> if i'm 28 and i'm a multibillier dollar ceo of a newly publicly traded company, i'd probably go on the honeymoon, too. right now he's not on the job as his company is suffering and everybody is talking about the future growth strategy. >> what a weekend. take my company public for $104 billion and then let's go get married. >> life is good. >> life is good at 28. >> we'll take a break at the market continues to rally. the closing countdown for this tuesday. >>> i need a pacemaker. >> as both parties in washington accuse the other of trying to throw granny off the cliff when it comes to health care cu
there's a photograph in this morning's new york post of mark zuckerberg with his bride. they are in rome on their honeymoon and where are they eating? >> he's at mcdonald's. you couple that with the fact -- i know this is too easy. you couple that with the fact that as they are dining and honeymooning in rome, the value of the shares have gone down 25% in the last week. the line comes about -- i don't know if that's fair or not. >> i don't think he's watching his pennies. >>...
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Sep 12, 2012
09/12
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most of that after mark zuckerberg's first public comments since he took his company public. >> i just want to build good stuff. when you look at 10, 20 years from now the legacy of this company should be that we've connected everyone in the world and everyone can share all the stuff that they want and that's a lot. that's a lot to get excited about, whether it's fun exciting, whatever. some days are hard, some days kick ass but i think everyone is amped for what they're doing. >> but can they stay amped? >>> heating oil, the only commodity on the up side b by .66%. [ male announcer ] when a major hospital wanted to provide better employee benefits while balancing the company's bottom line, their very first word was... [ to the tune of "lullaby and good night" ] ♪ af-lac ♪ aflac [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. [ yawning sound ] [ male announcer ] ...forbusiness.com. i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was
most of that after mark zuckerberg's first public comments since he took his company public. >> i just want to build good stuff. when you look at 10, 20 years from now the legacy of this company should be that we've connected everyone in the world and everyone can share all the stuff that they want and that's a lot. that's a lot to get excited about, whether it's fun exciting, whatever. some days are hard, some days kick ass but i think everyone is amped for what they're doing. >>...
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May 21, 2012
05/12
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opening bell, mark zuckerberg and facebook. >> you can expect the first trade at 11:30 a.m. eastern time. it has past that mark so far. >> an indication of their own track. >> coming up, look. $40 mark was a real important line in the sand for whether markets stacked up. we have lost 40 and plunged to 39. >> just 38 and change. >> particularly in that fall from about $40 to $38 level. nasdaq system was -- >> getting rid of the stock in this final hour before close today. >> a lf institutions have not been able to get orders confirmed. these are orders placed early on this the session. as these start to be filled, you got to wonder what impact of this is as it approaches once again, the $38 mark. some of the investors who bought the ipo want it get out by the end of the day today. we are talking about facebook right at 11 cents. >> watching this thing open around 11:30, maria, i don't think anybody would have anticipated .5%. >> this is an avalanche. >> yeah. >> feels a little bit like k2. >> they handled it perfectly. this is not the first ipo who has ever come down the pike
opening bell, mark zuckerberg and facebook. >> you can expect the first trade at 11:30 a.m. eastern time. it has past that mark so far. >> an indication of their own track. >> coming up, look. $40 mark was a real important line in the sand for whether markets stacked up. we have lost 40 and plunged to 39. >> just 38 and change. >> particularly in that fall from about $40 to $38 level. nasdaq system was -- >> getting rid of the stock in this final hour before...
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May 23, 2012
05/12
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. >> you've got a man crush on mark zuckerberg. >> bitter, table of one. there ee there's a lot more yours truly squa "squawk on the street" still ahead. that could adapt to changing road conditions. one that continually monitors and corrects for wheel slip. we imagined a vehicle that can increase emergency braking power when you need it most. and we imagined it looking like nothing else on the road today. then...we built it. the 2012 glk. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. for exceptional offers if you made a list of countries from around the world... ...with the best math scores. ...the united states would be on that list. in 25th place. let's raise academic standards across the nation. let's get back to the head of the class. let's solve this. >>> simon hobbs is back after a well-deserved day off. here to tell us what's coming up at 10. >> there's a huge amount of anger about the underwriters on facebook. we're going to hear the story of one investor at home. we're also going to have
. >> you've got a man crush on mark zuckerberg. >> bitter, table of one. there ee there's a lot more yours truly squa "squawk on the street" still ahead. that could adapt to changing road conditions. one that continually monitors and corrects for wheel slip. we imagined a vehicle that can increase emergency braking power when you need it most. and we imagined it looking like nothing else on the road today. then...we built it. the 2012 glk. see your authorized mercedes-benz...
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Oct 1, 2012
10/12
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there is mark zuckerberg wearing a suit. i joked before the commercial, that zuckerberg didn't even wear a suit before, during his wedding. and maria, i stand corrected. one of our production staff went to the internet. >> spoke too soon. >> and found a picture of mr. zuckerberg at his wedding wearing a suit. he's wearing it for the second time. i stand corrected. >> that was the meeting with the prime minister of russia, medvedev. so woel learn why that meeting took place coming up. the fourth quarter is starting off strong after the manufacturing sector unexpectedly expanded. we are well off the highs of the day. certainly for this market. >> so is the start of a big fourth quarter rally or not? or could october turn into the horror fest we've seen in the past for the bulls? with us, our friend, gordon, cnbc market analyst from rosenblat securities. we've lost altitude going to the close. what are your expectations for this month that usually has a cloud over it and for the fourth quarter? >> yeah, bill. we've been getting
there is mark zuckerberg wearing a suit. i joked before the commercial, that zuckerberg didn't even wear a suit before, during his wedding. and maria, i stand corrected. one of our production staff went to the internet. >> spoke too soon. >> and found a picture of mr. zuckerberg at his wedding wearing a suit. he's wearing it for the second time. i stand corrected. >> that was the meeting with the prime minister of russia, medvedev. so woel learn why that meeting took place...
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Sep 12, 2012
09/12
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KQED
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facebook's c.e.o mark zuckerberg made his first public appearance since his company sold stock to the public in may. shares of facebook trade at about half the price they were when it went public. they were $38 a share that first day; today, they closed below $19.50 after a 3.3% gain today. this afternoon, zuckerberg said the long-term for the company rests with its mobile strategy. >> tom: max wolf is a senior analyst and chief economist at greencrest capital. joining us tonight from the nasdaq. so max, how about it. do you think the markets understatementing facebook? >> well, i slirt hope so, especially for those people who bought it around $38. i know they think so soo. it's disheart ening to see a lesser focus on the investor community. on the our hand i think it was good to see zuckerberg go out there, be honest, adegrees the short falls, the quote unquite disappointment around the i. p. o., which i know was a $50 billion market loss, was fairly widely felt. to begin the process hopefully of rebuilding faith and rebuilding communication really between the general public, particu
facebook's c.e.o mark zuckerberg made his first public appearance since his company sold stock to the public in may. shares of facebook trade at about half the price they were when it went public. they were $38 a share that first day; today, they closed below $19.50 after a 3.3% gain today. this afternoon, zuckerberg said the long-term for the company rests with its mobile strategy. >> tom: max wolf is a senior analyst and chief economist at greencrest capital. joining us tonight from the...
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May 24, 2012
05/12
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. >>> also today, a group of shareholders filed suit against facebook and ceo mark zuckerberg. they say key financial information was not disclosed before those shares went public. a facebook spokesperson insists that the suit is without merit. >>> he was murdered. and no one signs up for that. >> that was the mother of former florida a & m drum major robert champion disputing claims that her son wanted to be hazed. new interviews with members of the marching band suggested champion agreed to the ritual that eventually killed him. that involved champion make his way from one end of the bus to the other while being punched, kicked, and beaten with mall lets. >> it kind of amazed me how people in the band, they're mad at the people that are telling on things that are happening in the band and they're not mad about his death. >> 11 band members now face arraignment on felony hazing charges. if convicted, they could face up to six years in prison. >>> an official apology today from the director of the secret service about last month's prostitution scandal in colombia. the director
. >>> also today, a group of shareholders filed suit against facebook and ceo mark zuckerberg. they say key financial information was not disclosed before those shares went public. a facebook spokesperson insists that the suit is without merit. >>> he was murdered. and no one signs up for that. >> that was the mother of former florida a & m drum major robert champion disputing claims that her son wanted to be hazed. new interviews with members of the marching band...
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May 21, 2012
05/12
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. >> and a pop for mark zuckerberg. >> the hardst part would be changing his facebook status back to single. >> is lowe's raising a red flag on the strength of the economy? we're trading that stock among others next. blan where it's like, ah, it's part of me. it's me again. now that i'm retiring they all have plans for me. i'm excited. that could adapt to changing road conditions. one that continually monitors and corrects for wheel slip. we imagined a vehicle that can increase emergency braking power when you need it most. and we imagined it looking like nothing else on the road today. then...we built it. the 2012 glk. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. >> the purpose is to uncover the stocks getting the most chatter on twitter. >> i know we have been touching on the facebook story. that is the number one topic. the question is if you want to play social media and you're disappointed, where do you put your money? traders online are saying yell. take a look at some of the tweets. i get zero value out of facebook a
. >> and a pop for mark zuckerberg. >> the hardst part would be changing his facebook status back to single. >> is lowe's raising a red flag on the strength of the economy? we're trading that stock among others next. blan where it's like, ah, it's part of me. it's me again. now that i'm retiring they all have plans for me. i'm excited. that could adapt to changing road conditions. one that continually monitors and corrects for wheel slip. we imagined a vehicle that can...
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Sep 5, 2012
09/12
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mark zuckerberg is not selling. should you be buying facebook shares now? carl, we'll send it back to you and also talk nfl with our resident nflers the najarian boys. >> the nfl will open its season tonight and while profits are not an issue and the league is facing pretty big headwinds brian shactman is outside the stadium in new jersey where the giants host the cowboys tonight. good morning, brian. >> reporter: exactly right. this league gets at least 3 billion a year just from television revenues. we all know the super bowl is basically a national holiday. when you said headwinds it is a perfect way to put it. i won't even mention the new orleans saints and bountygate still in court. let's start with labor. they locked out the referees and it looks like replacements will start the season. game attendance dropping. youth football participation also dropping. part of that is the controversy surrounding concussions which is huge both on main street and in the courtroom where 140 lawsuits involving more than 3,000 former nfl players have been filed against
mark zuckerberg is not selling. should you be buying facebook shares now? carl, we'll send it back to you and also talk nfl with our resident nflers the najarian boys. >> the nfl will open its season tonight and while profits are not an issue and the league is facing pretty big headwinds brian shactman is outside the stadium in new jersey where the giants host the cowboys tonight. good morning, brian. >> reporter: exactly right. this league gets at least 3 billion a year just from...
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May 18, 2012
05/12
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. >> mark zuckerberg is now worth close to $20 billion. if you average shares each has a worth of $2.9 million. experts say this is not a time to be green with envy. >> this is the american dream come true. we shoulding thinking about how to emyou'll yit yait the model of innovation we have here. >> and there is a question he here today is did you invest is in the mayor of menlo park would not answer the question. another silicon valley executive says hopes to beg, borrow and steal to be able to buy shares if his wife says he can. >> and facebook big days not so great for zynga. shares took a hit just as facebook about to start trading. and 50% halted trading in the morning. by day's end lost 13% of the value. zynga is not commenting and analysts say investors likely unloaded zynga to buy up facebook. the co-founder invested $38 million in facebook and now his stock is valued around $164 million. another social network ceo is smiling. linkedn's $35 kblinl invest smt now worth $144 million. and rocker bono of u 2's investment group elevatio
. >> mark zuckerberg is now worth close to $20 billion. if you average shares each has a worth of $2.9 million. experts say this is not a time to be green with envy. >> this is the american dream come true. we shoulding thinking about how to emyou'll yit yait the model of innovation we have here. >> and there is a question he here today is did you invest is in the mayor of menlo park would not answer the question. another silicon valley executive says hopes to beg, borrow and...
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May 22, 2012
05/12
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. >> mason: two weeks ago while facebook founder mark zuckerberg was out touting his new stock and banks backing the deal were raising the offering price, some of those same banks were quietly cutting revenue forecasts for the company. at morgan stanley, the lead firm on the offering an analyst reportedly scott dewitt sent out a cautionary note that facebook's outlook was weakening but only to a select group of the bank's top clients. >> this should not have happened. absolutely not. i mean there's no debating this is a misadventure of epicÑi proportion. >> mason: this economist and senior analyst with greencrest capital. >> the real issue is that morgan stanley didn't tell everyone. >> absolutely. it's either everyone or no one. if there were voices of skepticism especially seeing how things have gone, i think everyone should have heard those. >> mason: massachusetts officials today subpoenaed morgan stanley over the analyst's facebook report. in washington the sec chairman said... >> there are issues that we need to look at specifically with respect to facebook. >> mason: banks underw
. >> mason: two weeks ago while facebook founder mark zuckerberg was out touting his new stock and banks backing the deal were raising the offering price, some of those same banks were quietly cutting revenue forecasts for the company. at morgan stanley, the lead firm on the offering an analyst reportedly scott dewitt sent out a cautionary note that facebook's outlook was weakening but only to a select group of the bank's top clients. >> this should not have happened. absolutely...
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May 24, 2012
05/12
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KRON
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lawsuits in manhattan and los angeles supreme court contend that the founder, mark zuckerberg, misled investors. >> there was material information that wasn't shared or properly disclosed in the registration statement. >> reporter: the common wealth of massachusetts subpoenaed morgan stanley to find out what it knew and who was informed of facebook's prospects. other investigations are reportedly underway from the security and exchange commission, and the senate banking committee. >> it's a blackeye for the industry and all theants. this was supposed -- participants. it's become a laughing stock. >> reporter: a spokesman called the lawsuits without merit and said the company will fight them vigorously. there are reports that facebook is upset over how nasdaq botched the first day of trading. facebook is in talks to move its stocks from nasdaq to the new york stock change, according to some. >>> resident was san jose making minimum wage could soon be getting a raise. voters will decide on a new ordinance that would raise the minimum wage from $8 an hour to $10 an hour. a sociology clas
lawsuits in manhattan and los angeles supreme court contend that the founder, mark zuckerberg, misled investors. >> there was material information that wasn't shared or properly disclosed in the registration statement. >> reporter: the common wealth of massachusetts subpoenaed morgan stanley to find out what it knew and who was informed of facebook's prospects. other investigations are reportedly underway from the security and exchange commission, and the senate banking committee....
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May 21, 2012
05/12
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if you're mark zuckerberg, you sold some but raised money to then cover taxes. but behind it you have more to watch the stox get broken as it has. a broken stock like this may take a while to regain momentum and regain that price it came at, if in fact it does, we'll see. long-term for morgan stanley, this is not something of the like that we watch at jpmorgan where there's real questions about a franchise that so many people believed in terms of risk taking was always doing the right thing. this will take some time. and it will hit the ipo market to a certain extent at least in certain confidence. >> david faber, facebook for 30. >> is that where you're getting it? >> no. >> we've got a lot there. we'll see how the stock trades today. >> you're fast. >> morgan stanley, they're a head equity trader. i'm sure they have tricks up their sleeves. yet to see. >> thanks. our facebook coverage continues on cnbc. coming up on "street signs," what role high speed trading on wall street played in the ipo debacle. sue. >> ty, you know we're having a pretty good day on the
if you're mark zuckerberg, you sold some but raised money to then cover taxes. but behind it you have more to watch the stox get broken as it has. a broken stock like this may take a while to regain momentum and regain that price it came at, if in fact it does, we'll see. long-term for morgan stanley, this is not something of the like that we watch at jpmorgan where there's real questions about a franchise that so many people believed in terms of risk taking was always doing the right thing....
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May 22, 2012
05/12
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so far from mark zuckerberg. hey, mark, how about a status update for investors? we'll debate. does he need to cut his honeymoon short, come out and say something about the stock price? >> nobody said being the boss was easy. but lately the c suite feels more like a sorter for many ceos. the result of our street poll and who's having the worst month ever. ever. we have product x and we have product y. we are going to start with product x. the only thing i'll let you know is that it is an, affordable product. oh, i like that. let's move on to product y, which is a far more expensive product. whoaaa. i don't care for that at all. yuck. you picked x and it was geico car insurance and y was the competitor. is that something you would pay for year after year? i, i like soda a lot but for a change of pace... or creates another laptop bag or hires another employee, it's not just good for business, it's good for the entire community. at bank of america, we know the impact that local businesses have on communities. that's why we extended $6.4 billion in new credit to small businesses ac
so far from mark zuckerberg. hey, mark, how about a status update for investors? we'll debate. does he need to cut his honeymoon short, come out and say something about the stock price? >> nobody said being the boss was easy. but lately the c suite feels more like a sorter for many ceos. the result of our street poll and who's having the worst month ever. ever. we have product x and we have product y. we are going to start with product x. the only thing i'll let you know is that it is an,...
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Jun 6, 2012
06/12
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there he was with mark zuckerberg on the day that facebook became public. we'll watch for that very carefully. this set some precedence in some way, doesn't it? >> it really does. it's the largest ipo that has nasdaq has seen. today we've got a lot of unhappy investors. he's going to have lots to answer to. >> all right. on top of all of this, we have a major rally on wall street and in times square where you are, maria. here's something we haven't seen since april, a two-day rally win streak. positive for the year now. back in positive territory, back above the 200-day moving average after the major averages have all been hard hit essentially during the month of may. right now the dow is up 224 points and the best thing you can say about this rally is it's apparently the result of a lack of bad news today. something we'll talk about. we're at 2834 on nasdaq. a gain of 56 points, or 2% close to the highs of the session. and the s&p is up 23 plus points. back above 1300, maria. >> you know, we're waiting to see if we get that downgrade coming from moody's. i
there he was with mark zuckerberg on the day that facebook became public. we'll watch for that very carefully. this set some precedence in some way, doesn't it? >> it really does. it's the largest ipo that has nasdaq has seen. today we've got a lot of unhappy investors. he's going to have lots to answer to. >> all right. on top of all of this, we have a major rally on wall street and in times square where you are, maria. here's something we haven't seen since april, a two-day rally...
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Apr 18, 2012
04/12
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and why facebook's mark zuckerberg has some explaining to do. and much more on the continued delicious baconization of our nation, kelly. >> thanks, brian. mandy still out. we hope she'll be back soon. the dow is lower for the first time in three sessions. it's about 1.5% gain for the week. the s&p 500 is also falling today. and it's in danger of posting its eighth losing day in 11 sessions. the nasdaq is the only major average -- try to mount a rally attempt for a few moments this morning only to fall back. goldman sachs raised price target on apple and estimates for the company. and we all knew apple stores were money making machines, but today's stat of the day shows just how profitable they really are. in dollars per square feet, apple stores 17 times more efficient than the average mall retailer. the top five, tiffany, coach, lululemon and, gamestop, whether that's halo effect or crowding out effect. in any case, down to bob pisani at the new york stock exchange. seems we're back in risk-off mode today. what gives? >> a three-to-one declini
and why facebook's mark zuckerberg has some explaining to do. and much more on the continued delicious baconization of our nation, kelly. >> thanks, brian. mandy still out. we hope she'll be back soon. the dow is lower for the first time in three sessions. it's about 1.5% gain for the week. the s&p 500 is also falling today. and it's in danger of posting its eighth losing day in 11 sessions. the nasdaq is the only major average -- try to mount a rally attempt for a few moments this...
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Sep 12, 2012
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>>> facebook shares up since mark zuckerberg's interview. he called facebook stock's performance disappointing but said not to underestimate the company. he expressed optimism about facebook's mobile strategy. >> we're seeing some great mobile monetiization. i think we know we'll do well on that. there's a huge opportunity. >> zuckerbergless facebook has no plans to build a phone calling such a move clearly the wrong strategy for the company. his argument, jim is if we made a phone, we might sell 10 million, 20 million, in his words it it would not move the needle for us. >> look, first of all, i want to say, i thought this was a great conference. >> i thought it was great as well. >> it was great. zuckerberg admits -- i'm holding up the headlines for "the financial times," zuckerberg admits -- i went over their conference call from july 21st. not once do they say anything is wrong with mobile. they made the bet on html 5 and it looks like a disaster. this has been for the sole of web of internet. do you go with adobe common denominator -- j
>>> facebook shares up since mark zuckerberg's interview. he called facebook stock's performance disappointing but said not to underestimate the company. he expressed optimism about facebook's mobile strategy. >> we're seeing some great mobile monetiization. i think we know we'll do well on that. there's a huge opportunity. >> zuckerbergless facebook has no plans to build a phone calling such a move clearly the wrong strategy for the company. his argument, jim is if we made...
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Aug 17, 2012
08/12
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people are really -- they buy into mark zuckerberg's mantra. i think when he made this speech he was really saying it to them as a way to make sure that the morale wouldn't go down, not that the morale is already going down. i just think that you have to understand how they work. i don't think he's ever going to really care about investors. he's just telling employees we understand this is painful but don't worry. >> we will see. we will see. wow. the employees don't care -- the employees out there buying the houses in silicon valley, buying the cars, and -- >> on hope their stock options -- >> believe me, they care. >> great to see you. julia, thank you for joining us from the west coast as well. i want to make one more point. >> yes, sir. >> it could be they have convinced institutional shareholders of the long-term story. but you would have to be a fool to buy now even if you believed in that long-term story when you know the stock is going to go down because the lock-ups are expiring. >> if you truly believe this was an opportunity to accum
people are really -- they buy into mark zuckerberg's mantra. i think when he made this speech he was really saying it to them as a way to make sure that the morale wouldn't go down, not that the morale is already going down. i just think that you have to understand how they work. i don't think he's ever going to really care about investors. he's just telling employees we understand this is painful but don't worry. >> we will see. we will see. wow. the employees don't care -- the employees...
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mark zuckerberg distribution under way in the wake of facebook's are supporting stock performance insiders and not the average american investor allegedly got ahead on potentially negative news about facebook the big trouble for facebook and its lead underwriter a lawsuit filed today in a manhattan court against facebook and morgan stanley behind this suit investors seeking answers about the social media giants floundering i.p.o. morgan stanley accused of setting the i.p.o. price to. hi and selling too many shares the regulators here i want to know is if morgan stanley the chief underwriter professor only told some clients that it was lowering its earnings projections for facebook instead of telling everybody regulators are looking into whether morgan stanley tipped off some clients ahead of time about a negative report on the i.p.o. as potential value plus facebook is being accused of concealing analysts low estimates of growth of facebook so the lawsuits of flying. now this is actually pretty interesting i'm not going to knock them for covering it but this is how our world works right wh
mark zuckerberg distribution under way in the wake of facebook's are supporting stock performance insiders and not the average american investor allegedly got ahead on potentially negative news about facebook the big trouble for facebook and its lead underwriter a lawsuit filed today in a manhattan court against facebook and morgan stanley behind this suit investors seeking answers about the social media giants floundering i.p.o. morgan stanley accused of setting the i.p.o. price to. hi and...
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May 10, 2012
05/12
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mark zuckerberg said he bought instagram to take out a competitor. transactions over 66 million must be reviewed by the ftc or d.o.j. now, if one of the agencies does decide to take a closer look at the deal, the review could be several months long. facebook even said it would pay instagram $200 million in a break-up deal even though they expect to close the deal by the end of q2. now, that fee, that $200 million fee is 20% of the deal size and when most mergers, on average, they carry a termination around 3% of that transaction size. even at&t's massive $4 billion breakup fee, that was only 10% of the deal size and set to signal confidence and commitment behind the deal on behalf of at&t. that could be true on facebook's side in case the deal diverted possible venture capital money and in mark zuckerberg's one on one negotiations he didn't know what he was doing that is no accident. 20% break-up fee, they have to be confident that they can get this done. >> as we all know that facebook lives large. not surprised. thank you, kayla. >>> heading toward
mark zuckerberg said he bought instagram to take out a competitor. transactions over 66 million must be reviewed by the ftc or d.o.j. now, if one of the agencies does decide to take a closer look at the deal, the review could be several months long. facebook even said it would pay instagram $200 million in a break-up deal even though they expect to close the deal by the end of q2. now, that fee, that $200 million fee is 20% of the deal size and when most mergers, on average, they carry a...
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Feb 7, 2012
02/12
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specifically they have an issue with mark zuckerberg controlling rights and the ability of him to actually pass that control on to a successor. >> this one you might be surprised. the different from the govern it'sas, that you're betting on facebook and more zuckerberg. we saw a similar thing with zynga and groupon. maybe it's the right thing to do, but even ford motor company today and through its history has been 40% controlled by the ford family, only 15% or 13% ownership. nobody would say the more equitable governed gm was better governed than ford. >> just to add on to that. >> ten seconds. >> i think they have been very good at protecting the company so they can go for the long term like apple and amazon. that's very much to their credit. >> let's enon that congenial agreement. >> the topic is ben bernanke ben bernanke and what he's really like. tell us what you really think he wants to say. we'll share your thoughts in a few minutes. stay tuned. impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we unde
specifically they have an issue with mark zuckerberg controlling rights and the ability of him to actually pass that control on to a successor. >> this one you might be surprised. the different from the govern it'sas, that you're betting on facebook and more zuckerberg. we saw a similar thing with zynga and groupon. maybe it's the right thing to do, but even ford motor company today and through its history has been 40% controlled by the ford family, only 15% or 13% ownership. nobody would...
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May 15, 2012
05/12
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mark zuckerberg about to be a lot richer come friday. donald trump joined "squawk box" this morn ing. he was concerned about one thing regarding zuckerberg. if he gets married to his girlfriend, will he have a prenup? the donald should know a little bit about this. what do you say? prenup, no prenup. >> if he loves her, he should go in with no prenup. i don't have a prenup with my wife. if she divorces me she'll get $27.53 or whatever's in our bank account at the time. >> i would go with the prenup. >> no, no! romance, love! >> i'm all into romance. he needs to protect himself. what if she decides to leave. what if he's the perfect husband, she decides to leave. he needs a little protection. divorce laws make it very easy to leave these days. >> marriage is a risk arbitrage. >>> ahead, we get down and dirty in today's disaster du jour to find out if you should mine the beaten down coal stocks. that's coming up after the top of the hour on "street signs." we believe the more you know, the better you trade. so we have ongoing webinars and
mark zuckerberg about to be a lot richer come friday. donald trump joined "squawk box" this morn ing. he was concerned about one thing regarding zuckerberg. if he gets married to his girlfriend, will he have a prenup? the donald should know a little bit about this. what do you say? prenup, no prenup. >> if he loves her, he should go in with no prenup. i don't have a prenup with my wife. if she divorces me she'll get $27.53 or whatever's in our bank account at the time. >>...
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May 23, 2012
05/12
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but, you know, on day two mark zuckerberg, the c.e.o. and founder who only sold stock insofar as he was dealing with tax issues and all the 3,000 some odd people who were at facebook, they've got to live with this company going forward. so what might have been a quick win for the backers, the venture capitalists here is a real los for facebook. we're sitting here talking about how facebook is up there with morgan stanley and the wall street money grubbers, as it were, rather than how facebook is connecting 900 million people around the world, our ex-girlfriend, our old bosses, our parents, all those kinds of things. the creation... the very thing that mark zuckerberg tried to avoid by really taking himself out of the frame with the i.p.o. remember he said all along i'm only doing this for my investors and my employees who want liquidity with the stock. in a sense, now, he's got more distractions than he bargained for. he's got lawsuits, litigation, he's got mary shapiro, s.e.c., us talking about it on television. and we're not talking ab
but, you know, on day two mark zuckerberg, the c.e.o. and founder who only sold stock insofar as he was dealing with tax issues and all the 3,000 some odd people who were at facebook, they've got to live with this company going forward. so what might have been a quick win for the backers, the venture capitalists here is a real los for facebook. we're sitting here talking about how facebook is up there with morgan stanley and the wall street money grubbers, as it were, rather than how facebook...
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May 23, 2012
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founder mark zuckerberg is not immune, he lost another 1 1/2 billion dollars yesterday. >>> 4:36. you can expect protests and traffic tie-ups on the peninsula when president obama comes to the bay area today. the president boarded air force one a short time ago. he will stop in colorado springs for a commencement address at the air force academy before flying on. mr. obama will attend a campaign fundraising dinner in atherton and speak at a rally in redwood city and asian-american round table tomorrow in palo alto the first visit since -- since he came out in favor of same-sex marriage. amy hollyfield will give us a live report in the next half hour >> new poll shows strong public support for same-sex marriage. a poll shows african-americans have moved more in favor of the issue of same-sex marriage perhaps taking their lead from president obama. overall, 53% of americans say gay marriage should be legal, up from 36% in 2006. 39% strongly support it, 32% are strongly opposed. >>> scholar from cuba's first family touring the bay area today amid a protest. mariella castro the daught
founder mark zuckerberg is not immune, he lost another 1 1/2 billion dollars yesterday. >>> 4:36. you can expect protests and traffic tie-ups on the peninsula when president obama comes to the bay area today. the president boarded air force one a short time ago. he will stop in colorado springs for a commencement address at the air force academy before flying on. mr. obama will attend a campaign fundraising dinner in atherton and speak at a rally in redwood city and asian-american...
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May 18, 2012
05/12
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coming up on the program, move over mark zuckerberg, harvard's next crop start of entrepreneurs making big waves. we'll introduce you to them next on "power lunch." ♪ there'll be the usual presentations on research. and development. some new members of the team will be introduced. the chairman emeritus will distribute his usual wisdom. and you? well, you're the chief life officer. you just need the right professional to help you take charge. ♪ [ male announcer ] when a major hospital wanted to provide better employee benefits while balancing the company's bottom line, their very first word was... [ to the tune of "lullaby and good night" ] ♪ af-lac ♪ aflac [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. [ yawning sound ] ♪ i can do anything ♪ i can do anything today ♪ i can go anywhere ♪ i can go anywhere today ♪ la la la la la la la [ male announcer ] dow solutions help millions of people by helping to make gluten free bread that doesn't taste gluten free. together, the elements of science and the human element can solve
coming up on the program, move over mark zuckerberg, harvard's next crop start of entrepreneurs making big waves. we'll introduce you to them next on "power lunch." ♪ there'll be the usual presentations on research. and development. some new members of the team will be introduced. the chairman emeritus will distribute his usual wisdom. and you? well, you're the chief life officer. you just need the right professional to help you take charge. ♪ [ male announcer ] when a major...
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Aug 22, 2012
08/12
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. >> jim, if you were mark zuckerberg, would you fire the ceo. >> who is zuckerberg? i don't know him. the cfo, worked well with morgan stanley on the price. where is this company? where are they? >> so who is to blame? facebook or morgan stanley, or is this just a case of buyer be ware? max wolf is with us. social internet manager. >> i don't think you get a $45 billion mistake here because of one or two minor missteps by one or two players. the company fell in love with itself, the chatter and hype was enormous, and no one fell more in love than the lead under writer himself. individuals and companies have problems in the market when you have a crush on yourself and reality comes in. you have to come back down to earth because crushs are never accurate portrayals of the under lying reality. >> it's an important story to look at pm people were saying buy it at $50. buy it at $45. where did this come from. the analyst were cutting estimates, right? >> facebook was a bright light in a dim market. the company and the underwriters relied heavily on massive retail interes
. >> jim, if you were mark zuckerberg, would you fire the ceo. >> who is zuckerberg? i don't know him. the cfo, worked well with morgan stanley on the price. where is this company? where are they? >> so who is to blame? facebook or morgan stanley, or is this just a case of buyer be ware? max wolf is with us. social internet manager. >> i don't think you get a $45 billion mistake here because of one or two minor missteps by one or two players. the company fell in love...
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May 23, 2012
05/12
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but the reputation of the company and mark zuckerberg is taking a battering. >> to a question of manpower, moving the 6,000 ton building is no easy task. that is what happened in iraq. this shows that -- in zurich. engineers had to lifted from its foundation. think about the housing market and one of the first things that comes to mind is a huge problem. the u.s. subprime mortgage market cost the 2008 crash. economists have been on the alert for housing bobbles. right now, there are watching canada. home prices in toronto have risen 85% over the last decade. can this last? ♪ >> welcome to the new toronto. >> the finishes are of the highest quality. this week is listed for $2 million. >> it is good living if you can afford it. they are looking for a more modest place in toronto. they are currently living in a small rental with their two- year-old daughter. >> we want a home. >> they have lost out on four offers. the basic competition at open houses is so intense, they have seen things get physical. >> the listing agent is backed into the corner and someone is saying, i'm going to make su
but the reputation of the company and mark zuckerberg is taking a battering. >> to a question of manpower, moving the 6,000 ton building is no easy task. that is what happened in iraq. this shows that -- in zurich. engineers had to lifted from its foundation. think about the housing market and one of the first things that comes to mind is a huge problem. the u.s. subprime mortgage market cost the 2008 crash. economists have been on the alert for housing bobbles. right now, there are...
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May 27, 2012
05/12
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FOXNEWSW
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facebook, its ceo, mark zuckerberg, morgan stanley and the big banks that underwrote the deal were sueded by a group of investors accusing them of withholding negative information about the social networking giant prior to the stock debut. the shares fell below the offer price setting off a debate who is to blame for the flop. mary, this was supposed to be a shining moment for capitalism and wall street particularly after the last four awful years. we could support a big growing new company. what happened? >> well, they had problems right out of the block starting with nasdaq, paul. >> that is the exchange that it is traded on. >> that's right. about a 30 minute delay in the trading in the open and then it took nasdaq hours to get back to brokers to confirm if they had bought or shorted the stock. problems out of the gate with nasdaq but also problems with the underwriters and we have seen the "wall street journal" news side cover this extensively the last couple of days where the underwriters were accused of telling clients, hey, don't buy this stock, their big clients while at the same
facebook, its ceo, mark zuckerberg, morgan stanley and the big banks that underwrote the deal were sueded by a group of investors accusing them of withholding negative information about the social networking giant prior to the stock debut. the shares fell below the offer price setting off a debate who is to blame for the flop. mary, this was supposed to be a shining moment for capitalism and wall street particularly after the last four awful years. we could support a big growing new company....
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Sep 10, 2012
09/12
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. >>> tomorrow mark zuckerberg will give his first-ever interview since the ipo. the company has lost half of its value since that debut. will he be able to instill confidence into the company he founded? robert kaplan is a harvard professor. gordon biknoon joins us as well. great to have you both. robert, i have to start with you and ask you, does he have to say anything? is he obligated in some way because the stock is halved to actually address that issue? >> i wouldn't dwell on the stock, if i were him. i think what the market wants to see him do now is look forward. how is he going to build the company? what's his vision for the company? is he going to build -- how is he going to build his team, make sure they have a culture of innovation? is he a leader? i think the market is funny. they don't like what happened in the ipo. but the market is forward-looking and people -- buyers sell the stock right now depending on whether they think they can make money from here. >> i would agree on that. but also push back and say on all those points you mentioned, i think
. >>> tomorrow mark zuckerberg will give his first-ever interview since the ipo. the company has lost half of its value since that debut. will he be able to instill confidence into the company he founded? robert kaplan is a harvard professor. gordon biknoon joins us as well. great to have you both. robert, i have to start with you and ask you, does he have to say anything? is he obligated in some way because the stock is halved to actually address that issue? >> i wouldn't dwell...
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instead of jetting off resulting newlywed facebook founder mark zuckerberg fighting to remain the darling of the tech bubble the billionaire his company and a group of major banks the know being sued by disgruntled shareholders who invested in the world's most anticipated flotation last friday and washington correspondent guy ritchie can explains why. a group of investors as launched a class action suit against facebook and several banks now the u.s. securities and exchange commission as well as the financial industry regulatory authority are also looking into a possible fraud on the first day of facebook stock sales last week investors say they lost billions of dollars because the banks which prepared the initial offering price beefed up the price knowing that facebook's latest performance record showed we can grow so the claim is that a select group of participants in this i.p.o. which includes facebook at solvent investment banks like morgan stanley j.p. morgan and goldman sachs drummed up invest the sport over the social network stock in the run up to the i.p.o. put a price tag on it
instead of jetting off resulting newlywed facebook founder mark zuckerberg fighting to remain the darling of the tech bubble the billionaire his company and a group of major banks the know being sued by disgruntled shareholders who invested in the world's most anticipated flotation last friday and washington correspondent guy ritchie can explains why. a group of investors as launched a class action suit against facebook and several banks now the u.s. securities and exchange commission as well...